106 Lorne Avenue Chatham-Kent, Ontario N7M 1S1
$749,999
125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday September 20th from 12-2pm. Please confirm attendance. (id:62104)
Property Details
| MLS® Number | X13785134 |
| Property Type | Multi-family |
| Community Name | Chatham |
| Equipment Type | Dryer(s), Washer(s) |
| Parking Space Total | 6 |
| Rental Equipment Type | Dryer(s), Washer(s) |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Appliances | Water Heater, Stove, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Exterior Finish | Concrete |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Size Depth | 103 Ft ,9 In |
| Size Frontage | 89 Ft |
| Size Irregular | 89 X 103.8 Ft |
| Size Total Text | 89 X 103.8 Ft |
https://www.realtor.ca/real-estate/30280184/106-lorne-avenue-chatham-kent-chatham-chatham
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September 15 2026 03:37:54
Toronto Regional Real Estate Board
Mysak Realty Inc.